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Rs. 2000 CRORE TO BE INVESTED IN AFFORDABLE HOUSING

Real Estate India, Buy Property in Hyderabad and Bangalore.


 


Citigroup-backed Golden gate properties plans to invest close to Rs.2,000 crore over two years in affordable housing projects, a senior official said. The projects will be funded primarily through customer sales, apart from banks loans to the tune of Rs.500 and equity, Golden Gate managing director K Pratap said. The Bangalore-based developer on Thursday announced plans to start construction on four township projects in Bangalore and Hyderabad, all grouped under the brand name Commune. A Significant portion of each development will comprise low-cost housing units with an area of 995-1122 sq. ft.


 


Courtesy: - ET Realty dtd:- 29th August 2008


 





Date: 30 August 2008, Saturday
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“Affordable Housing” By The Zameen-Zaidad

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